AREA REPORTS

Altona North

VIC/
Altona north

Suburb Profile

Altona North - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3025

house
unit

Property investors enjoyed capital gains of 6.26% over the last 12 months in ALTONA NORTH, translating to lower returns compared with its peers in VIC.

Figures from the previous quarter show that capital gains for real estate buyers in ALTONA NORTH are low, as opposed to average gains per annum over the past five years.

The suburb posted a 41.15% growth in median prices over a three-year period. This is considerably higher than the gains it recorded over the past year.

This number can mean, real estate investors could earn a rental income of $430 based on current median home prices for the suburb.

On average, rents on listings have reached the $430 mark, reflecting a 2.61% increase in returns based on the current median price in ALTONA NORTH.

ALTONA NORTH, 3025 ranks 423rd in VIC in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 433rd on the list of best yielding suburbs for rental properties in VIC, posting a 2.61% return.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $857,500 $635,000
GROWTH REPORT
Median Quarterly 0.88% 0%
Median 12 month 6.26% 11.4%
Median 3 years 41.15% 22.12%
Median 5 years 72.02% 51.19%
10 years average annual 7.92% 8.23%
Weekly media advert. rent $430 $400
Time on Market 74.4 days 94.4 days
Gross Rental Yield Percent 2.61% 3.28%
demographics (median values)
Total Population
10888
Weekly Household Income
688.3
Household Size
2.60
demographics
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Top 10 Birth Countries
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